Platinum output dives 13% in 2012

Summary: In its annual market review, Johnson Matthey is reporting platinum production fell by an astounding 13% in 2012. The major source of the decline came from unrest in South Africa, which one of only a few spots in the world where platinum is available. With ever increasing demand, this output led to a deficit in both platinum and palladium. While many expect the platinum deficit to be much smaller in 2013, palladium’s will actually grow due to the complex mix of issues surround supply and demand. Read more…